REGISTERED NUMBER: 02460288 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Davalow Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M K Venner

P W Venner

SECRETARY:

M K Venner

REGISTERED OFFICE:

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

REGISTERED NUMBER:

02460288 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

FIXED ASSETS

Property, plant and equipment

5

280,272

285,685

Investments

6

54,730

53,620

335,002

339,305

CURRENT ASSETS

Inventories

7

27,040

23,784

Debtors

8

209,620

258,006

Cash at bank and in hand

19,570

18,766

256,230

300,556

CREDITORS

Amounts falling due within one year

9

321,598

345,496

NET CURRENT LIABILITIES

(65,368

)

(44,940

)

TOTAL ASSETS LESS CURRENT LIABILITIES

269,634

294,365

PROVISIONS FOR LIABILITIES

10,280

10,069

NET ASSETS

259,354

284,296

CAPITAL AND RESERVES

Called up share capital

11

403,100

403,100

Fair value reserve

43,824

42,925

Retained earnings

(187,570

)

(161,729

)

SHAREHOLDERS' FUNDS

259,354

284,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

M K Venner - Director

1.	STATUTORY INFORMATION

Davalow Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from that accounting standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At 31 March 2025, the company had net current liabilities of £65,368, however the directors believe that the company will be able to meet its liabilities as they fall due and therefore feels it appropriate to draw up these financial statements on the going concern basis. The financial statements do not include any adjustments that would arise should the company be unable to continue trading.

Preparation of consolidated financial statements

The financial statements contain information about Davalow Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods and fees for storage facilities, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

at varying rates on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings and other shares in listed companies are valued at fair value. Any surplus on revaluation is reflected in the profit and loss account. Fair value of investments in subsidiaries has been ascertained by the directors by assessing the market value of the subsidiary company.

Accumulated surpluses in the valuation of investments are transferred to the fair value reserve less any related provision for deferred tax.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Loans from directors

As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

Listed investments

Listed investments held as fixed assets are valued at their current market value at the balance sheet date.

Accumulated surpluses in the valuation of listed investments are transferred to the fair value reserve less any related provision for deferred tax.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

464,475

29,700

46,687

9,745

550,607

Additions

-

-

313

-

313

At 31 March 2025

464,475

29,700

47,000

9,745

550,920

DEPRECIATION

At 1 April 2024

185,219

24,983

44,975

9,745

264,922

Charge for year

4,167

984

575

-

5,726

At 31 March 2025

189,386

25,967

45,550

9,745

270,648

NET BOOK VALUE

At 31 March 2025

275,089

3,733

1,450

-

280,272

At 31 March 2024

279,256

4,717

1,712

-

285,685

Included in cost of land and buildings is freehold land of £ 75,000 (2024 - £ 75,000 ) which is not depreciated.

6.	FIXED ASSET INVESTMENTS

Shares in

group

Listed

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

40,000

13,620

53,620

Revaluations

-

1,110

1,110

At 31 March 2025

40,000

14,730

54,730

NET BOOK VALUE

At 31 March 2025

40,000

14,730

54,730

At 31 March 2024

40,000

13,620

53,620

If fixed asset investments had not been revalued they would have been included at the historical cost of £626. Listed investments are valued on an open market basis as at 31 March 2025, whereas the fair value of shares in group undertakings was determined by the company's directors.

7.	INVENTORIES

31.3.25

31.3.24

£

£

Stocks

27,040

23,784

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

68,655

76,745

Amounts owed by group undertakings

86,299

139,138

Other debtors

33,770

40,860

Prepayments and accrued income

20,896

1,263

209,620

258,006

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

33,507

55,704

Social security and other taxes

7,792

8,830

Other creditors

1,598

1,545

Directors' current accounts

269,921

270,917

Accruals and deferred income

8,780

8,500

321,598

345,496

10.	LEASING AGREEMENTS

Total future minimum lease payments under non-cancellable operating leases are £1,260.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

403,100

Ordinary

£1

403,100

403,100

12.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

£

Contracted but not provided for in the

financial statements

-

-

13.	RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and interest free with no specific repayment terms. Loans to group undertakings are unsecured and interest free with no specific repayment terms.